US and Global Economies Face Losses as Trump Tariffs Take Effect
TL;DR Summary
New US tariffs announced in 2023 are expected to reduce the US GDP by 0.36% and negatively impact most global economies, with Switzerland, Thailand, and Taiwan experiencing significant declines, while Australia and the UK may see slight gains. The tariffs, which are part of a broader trade policy, have caused market volatility and are likely to continue affecting international trade and economic stability.
- New Trump tariffs: early modelling shows most economies lose – the US more than many The Conversation
- FURTHER MODIFYING THE RECIPROCAL TARIFF RATES The White House (.gov)
- After a Lag, Consumers Begin to Feel the Pinch of Tariffs The New York Times
- Tariff rates are "pretty much set," U.S. trade representative Jamieson Greer says CBS News
- Trade representative backs Trump's punitive approach to global tariffs Politico
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